The JPMorgan Nasdaq Equity Premium Income ETF trades at $57.78 and uses a covered call strategy to generate monthly income, delivering an 11.38% yield while charging a 0.35% expense ratio. The fund holds 108 Nasdaq-focused stocks and implements out-of-the-money call options to fund its distributions.

The ETF allocates 41% of its assets to the technology sector, followed by 12.5% to communication services and 10.6% to consumer discretionary, with its top 10 holdings—led by a 7.4% position in Nvidia—making up 41% of the portfolio. Covered call premiums supplement equity dividends to enhance income.

JEPQ has achieved a 15.76% cumulative return over the past year and an 87.18% gain over three years, driven by market-leading tech exposure and option premiums. Monthly dividend reinvestment can boost total return while providing retirees with a steady income stream.